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Industrial Logistics Properties Trust（ILPT）与MARCUS CORP（MCS）财务数据对比。点击上方公司名可切换其他公司
MARCUS CORP的季度营收约是Industrial Logistics Properties Trust的1.7倍（$193.5M vs $113.9M），Industrial Logistics Properties Trust同比增速更快（3.1% vs 2.8%），Industrial Logistics Properties Trust自由现金流更多（$42.0M vs $26.4M），过去两年MARCUS CORP的营收复合增速更高（18.2% vs 0.7%）
Industrial Logistics Properties Trust是一家专注于工业与物流地产的房地产投资信托，主要在美国境内持有及运营配送中心、仓储设施与最后一公里配送物业，为电商、零售、制造及供应链运营企业提供仓储及物流运营相关配套服务。
马库斯公司是一家美国企业，主营商业地产领域相关服务，业务覆盖美国与加拿大，提供商业地产经纪、按揭经纪、行业研究以及咨询服务，首创了由单一经纪公司独家代理房源挂牌的行业模式，目前在美加两国设有超过80家办公室，拥有员工超1800名。
ILPT vs MCS — 直观对比
营收规模更大
MCS
是对方的1.7倍
$113.9M
营收增速更快
ILPT
高出0.3%
2.8%
自由现金流更多
ILPT
多$15.6M
$26.4M
两年增速更快
MCS
近两年复合增速
0.7%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $113.9M | $193.5M |
| 净利润 | $-1.8M | — |
| 毛利率 | — | — |
| 营业利润率 | -22.1% | 0.9% |
| 净利率 | -1.6% | — |
| 营收同比 | 3.1% | 2.8% |
| 净利润同比 | 92.6% | — |
| 每股收益（稀释后） | $-0.02 | — |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收ILPTMCS
| Q4 25 | $113.9M | $193.5M | ||
| Q3 25 | $110.9M | $210.2M | ||
| Q2 25 | $112.1M | $206.0M | ||
| Q1 25 | $111.9M | $148.8M | ||
| Q4 24 | $110.5M | $188.3M | ||
| Q3 24 | $108.9M | $232.7M | ||
| Q2 24 | $110.6M | $176.0M | ||
| Q1 24 | $112.2M | $138.5M |
净利润ILPTMCS
| Q4 25 | $-1.8M | — | ||
| Q3 25 | $-21.6M | $16.2M | ||
| Q2 25 | $-21.3M | $7.3M | ||
| Q1 25 | $-21.5M | $-16.8M | ||
| Q4 24 | $-24.1M | $986.0K | ||
| Q3 24 | $-25.0M | $23.3M | ||
| Q2 24 | $-23.2M | $-20.2M | ||
| Q1 24 | $-23.4M | $-11.9M |
营业利润率ILPTMCS
| Q4 25 | -22.1% | 0.9% | ||
| Q3 25 | -29.4% | 10.8% | ||
| Q2 25 | -30.8% | 6.3% | ||
| Q1 25 | -26.9% | -13.7% | ||
| Q4 24 | -31.1% | -1.2% | ||
| Q3 24 | -33.5% | 14.1% | ||
| Q2 24 | -32.4% | 1.3% | ||
| Q1 24 | -31.7% | -12.0% |
净利率ILPTMCS
| Q4 25 | -1.6% | — | ||
| Q3 25 | -19.4% | 7.7% | ||
| Q2 25 | -19.0% | 3.6% | ||
| Q1 25 | -19.2% | -11.3% | ||
| Q4 24 | -21.8% | 0.5% | ||
| Q3 24 | -22.9% | 10.0% | ||
| Q2 24 | -20.9% | -11.5% | ||
| Q1 24 | -20.9% | -8.6% |
每股收益（稀释后）ILPTMCS
| Q4 25 | $-0.02 | — | ||
| Q3 25 | $-0.33 | — | ||
| Q2 25 | $-0.32 | — | ||
| Q1 25 | $-0.33 | — | ||
| Q4 24 | $-0.37 | — | ||
| Q3 24 | $-0.38 | — | ||
| Q2 24 | $-0.35 | — | ||
| Q1 24 | $-0.36 | — |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $94.8M | $23.4M |
| 总债务越低越好 | $4.2B | $159.0M |
| 股东权益账面价值 | $489.7M | $457.4M |
| 总资产 | $5.2B | $1.0B |
| 负债/权益比越低杠杆越低 | 8.56× | 0.35× |
8季度趋势，按日历期对齐
现金及短期投资ILPTMCS
| Q4 25 | $94.8M | $23.4M | ||
| Q3 25 | $83.2M | $7.4M | ||
| Q2 25 | $58.6M | $14.9M | ||
| Q1 25 | $108.0M | $11.9M | ||
| Q4 24 | $131.7M | $40.8M | ||
| Q3 24 | $153.9M | $28.4M | ||
| Q2 24 | $146.2M | $32.8M | ||
| Q1 24 | $128.4M | $17.3M |
总债务ILPTMCS
| Q4 25 | $4.2B | $159.0M | ||
| Q3 25 | $4.2B | $162.0M | ||
| Q2 25 | $4.2B | $179.9M | ||
| Q1 25 | $4.3B | $198.9M | ||
| Q4 24 | $4.3B | $159.1M | ||
| Q3 24 | $4.3B | $173.1M | ||
| Q2 24 | $4.3B | $175.7M | ||
| Q1 24 | $4.3B | $169.8M |
股东权益ILPTMCS
| Q4 25 | $489.7M | $457.4M | ||
| Q3 25 | $494.1M | $454.3M | ||
| Q2 25 | $519.1M | $448.4M | ||
| Q1 25 | $539.5M | $441.8M | ||
| Q4 24 | $562.0M | $464.9M | ||
| Q3 24 | $585.9M | $462.3M | ||
| Q2 24 | $618.3M | $449.4M | ||
| Q1 24 | $643.2M | $459.3M |
总资产ILPTMCS
| Q4 25 | $5.2B | $1.0B | ||
| Q3 25 | $5.2B | $1.0B | ||
| Q2 25 | $5.2B | $1.0B | ||
| Q1 25 | $5.4B | $1.0B | ||
| Q4 24 | $5.4B | $1.0B | ||
| Q3 24 | $5.5B | $1.0B | ||
| Q2 24 | $5.5B | $1.1B | ||
| Q1 24 | $5.5B | $1.0B |
负债/权益比ILPTMCS
| Q4 25 | 8.56× | 0.35× | ||
| Q3 25 | 8.49× | 0.36× | ||
| Q2 25 | 8.09× | 0.40× | ||
| Q1 25 | 7.96× | 0.45× | ||
| Q4 24 | 7.65× | 0.34× | ||
| Q3 24 | 7.35× | 0.37× | ||
| Q2 24 | 6.96× | 0.39× | ||
| Q1 24 | 6.70× | 0.37× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $60.7M | $48.8M |
| 自由现金流经营现金流 - 资本支出 | $42.0M | $26.4M |
| 自由现金流率自由现金流/营收 | 36.9% | 13.6% |
| 资本支出强度资本支出/营收 | 16.4% | 11.6% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $79.8M | $989.0K |
8季度趋势，按日历期对齐
经营现金流ILPTMCS
| Q4 25 | $60.7M | $48.8M | ||
| Q3 25 | $22.7M | $39.1M | ||
| Q2 25 | $18.4M | $31.6M | ||
| Q1 25 | $11.4M | $-35.3M | ||
| Q4 24 | $2.0M | $52.6M | ||
| Q3 24 | $-3.4M | $30.5M | ||
| Q2 24 | $10.8M | $36.0M | ||
| Q1 24 | $8.0M | $-15.1M |
自由现金流ILPTMCS
| Q4 25 | $42.0M | $26.4M | ||
| Q3 25 | $17.6M | $18.2M | ||
| Q2 25 | $15.2M | $14.7M | ||
| Q1 25 | $5.0M | $-58.3M | ||
| Q4 24 | $-3.7M | $27.1M | ||
| Q3 24 | $-5.9M | $12.0M | ||
| Q2 24 | $9.4M | $16.1M | ||
| Q1 24 | $5.9M | $-30.5M |
自由现金流率ILPTMCS
| Q4 25 | 36.9% | 13.6% | ||
| Q3 25 | 15.9% | 8.7% | ||
| Q2 25 | 13.5% | 7.1% | ||
| Q1 25 | 4.5% | -39.2% | ||
| Q4 24 | -3.4% | 14.4% | ||
| Q3 24 | -5.5% | 5.2% | ||
| Q2 24 | 8.5% | 9.2% | ||
| Q1 24 | 5.2% | -22.0% |
资本支出强度ILPTMCS
| Q4 25 | 16.4% | 11.6% | ||
| Q3 25 | 4.6% | 9.9% | ||
| Q2 25 | 2.9% | 8.2% | ||
| Q1 25 | 5.7% | 15.5% | ||
| Q4 24 | 5.2% | 13.5% | ||
| Q3 24 | 2.3% | 7.9% | ||
| Q2 24 | 1.3% | 11.3% | ||
| Q1 24 | 1.9% | 11.1% |
现金转化率ILPTMCS
| Q4 25 | — | — | ||
| Q3 25 | — | 2.41× | ||
| Q2 25 | — | 4.32× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 53.31× | ||
| Q3 24 | — | 1.31× | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
ILPT
暂无分部数据
MCS
| Theatres | $123.1M | 64% |
| Concessions | $51.0M | 26% |
| Food And Beverage | $21.2M | 11% |
